There's Been No Shortage Of Growth Recently For Golden Ocean Group's (NASDAQ:GOGL) Returns On Capital
Nov 19
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U.S. Marine and Shipping Industry Analysis
UpdatedNov 20, 2024
DataAggregated Company Financials
Companies32
- 7D0.2%
- 3M5.6%
- 1Y52.4%
- YTD37.0%
Last week, the Marine and Shipping industry hasn't moved much but ZIM Integrated Shipping Services is up 7.1% in that time. The past year has been better, since the industry has gained 52% in that time. As for the next few years, earnings are expected to grow by 10% per annum.
Industry Valuation and Performance
Has the U.S. Marine and Shipping Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 20 Nov 2024 | US$30.1b | US$22.6b | US$1.5b | 4.8x | 19.5x | 1.3x |
| Fri, 18 Oct 2024 | US$28.7b | US$22.0b | US$1.4b | 5.2x | 20.9x | 1.3x |
| Sun, 15 Sep 2024 | US$27.8b | US$22.0b | US$1.4b | 5.2x | 20.3x | 1.3x |
| Tue, 13 Aug 2024 | US$27.7b | US$21.9b | US$821.1m | 6.1x | 33.7x | 1.3x |
| Thu, 11 Jul 2024 | US$29.0b | US$21.4b | US$604.3m | 9x | 48.1x | 1.4x |
| Sat, 08 Jun 2024 | US$30.0b | US$21.4b | US$608.2m | 8.5x | 49.3x | 1.4x |
| Mon, 06 May 2024 | US$27.1b | US$20.9b | US$365.4m | 7.4x | 74.1x | 1.3x |
| Wed, 03 Apr 2024 | US$24.7b | US$21.1b | US$318.8m | 8.2x | 77.6x | 1.2x |
| Fri, 01 Mar 2024 | US$24.1b | US$22.1b | US$896.9m | 5.6x | 26.8x | 1.1x |
| Sun, 28 Jan 2024 | US$23.4b | US$22.3b | US$1.0b | 5.4x | 22.6x | 1x |
| Tue, 26 Dec 2023 | US$21.8b | US$22.3b | US$1.0b | 5.3x | 21.1x | 1x |
| Thu, 23 Nov 2023 | US$19.2b | US$22.4b | US$1.1b | 5.3x | 16.7x | 0.9x |
| Sat, 21 Oct 2023 | US$19.4b | US$24.9b | US$5.2b | 3.3x | 3.7x | 0.8x |
| Mon, 18 Sep 2023 | US$19.7b | US$24.9b | US$5.2b | 3.1x | 3.8x | 0.8x |
| Wed, 16 Aug 2023 | US$20.4b | US$27.1b | US$6.9b | 2.7x | 3x | 0.8x |
| Fri, 14 Jul 2023 | US$20.3b | US$27.9b | US$7.5b | 2.6x | 2.7x | 0.7x |
| Sun, 11 Jun 2023 | US$19.5b | US$27.9b | US$7.5b | 2.5x | 2.6x | 0.7x |
| Tue, 09 May 2023 | US$19.7b | US$30.5b | US$9.7b | 2.7x | 2x | 0.6x |
| Thu, 06 Apr 2023 | US$19.6b | US$31.0b | US$10.1b | 2.4x | 1.9x | 0.6x |
| Sat, 04 Mar 2023 | US$22.7b | US$32.7b | US$11.5b | 2.7x | 2x | 0.7x |
| Mon, 30 Jan 2023 | US$20.9b | US$33.3b | US$12.3b | 2.4x | 1.7x | 0.6x |
| Wed, 28 Dec 2022 | US$19.8b | US$33.2b | US$12.3b | 2.2x | 1.6x | 0.6x |
| Fri, 25 Nov 2022 | US$21.3b | US$33.2b | US$12.3b | 2.3x | 1.7x | 0.6x |
| Sun, 23 Oct 2022 | US$21.0b | US$32.1b | US$12.5b | 2.2x | 1.7x | 0.7x |
| Tue, 20 Sep 2022 | US$21.4b | US$32.1b | US$12.5b | 2x | 1.7x | 0.7x |
| Thu, 18 Aug 2022 | US$26.2b | US$30.9b | US$11.9b | 2.4x | 2.2x | 0.8x |
| Sat, 16 Jul 2022 | US$24.1b | US$29.5b | US$11.6b | 2.5x | 2.1x | 0.8x |
| Mon, 13 Jun 2022 | US$28.5b | US$29.5b | US$11.6b | 3x | 2.4x | 1x |
| Wed, 11 May 2022 | US$29.9b | US$27.0b | US$10.2b | 3.5x | 2.9x | 1.1x |
| Fri, 08 Apr 2022 | US$33.4b | US$27.3b | US$10.1b | 4.2x | 3.3x | 1.2x |
| Sun, 06 Mar 2022 | US$36.0b | US$25.0b | US$8.5b | 4.5x | 4.3x | 1.4x |
| Tue, 01 Feb 2022 | US$32.6b | US$23.2b | US$6.3b | 5.6x | 5.2x | 1.4x |
| Thu, 30 Dec 2021 | US$29.9b | US$23.1b | US$6.3b | 5.9x | 4.7x | 1.3x |
| Sat, 27 Nov 2021 | US$28.7b | US$23.1b | US$6.3b | 5.4x | 4.6x | 1.2x |
Price to Earnings Ratio
4.6x
Current Industry PE
- Investors are optimistic on the American Shipping industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 19.5x which is higher than its 3-year average PE of 14.9x.
- The 3-year average PS ratio of 0.99x is lower than the industry's current PS ratio of 1.3x.
Past Earnings Growth
- The earnings for companies in the Shipping industry have declined 37% per year over the last three years.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the U.S. Industrials industry?
| US Market | -1.19% | |
| Industrials | -2.18% | |
| Marine and Shipping | 0.17% | |
| Marine | 0.17% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| ZIM ZIM Integrated Shipping Services | US$26.78 | 7.1% +US$213.0m | 288.1% | PS0.5x | |
| GOGL Golden Ocean Group | US$11.93 | 2.0% +US$46.0m | 35.4% | PE11.1x | |
| CMRE Costamare | US$14.50 | 1.5% +US$26.3m | 53.8% | PE4.8x | |
| ESEA Euroseas | US$42.50 | 5.9% +US$16.6m | 50.8% | PE2.5x | |
| EGLE Eagle Bulk Shipping | US$62.60 | 1.3% +US$9.2m | 40.8% | PE30.5x |
